Meanwhile, holding the properties personally allows you to use generally cheaper residential loans, and you don’t have the operating overhead of the LLC, as minimal as it might beThere is no tax benefit to the LLC.

Nice tax benefits. 

Well, then I get in to a pickle because sometimes I'd like to keep the properties but the 1st can call the loan even if I reinstate it and, often, the situation is troublesome with escrowed insurance premiums because I have to pay insurance premiums for which I'm not receiving any real benefit.

See benefits of a non compete agreement as being part of the cost. 

Wrote everything you think can benefit you in managing a mf: tapirs you did on your investment, maybe experience from you day job of managing process/people/payroll.

The affect over time is an encouraging one and it takes some good patience.I'd say a hard "no" to the truck . . . the interest rates on an auto loan is currently less than on an equity loan, so there's no benefit that I can see to choosing the more complex route of using a home equity loan to purchase one.

You personally would not receive any benefits at this time, but you control the asset and it would grow tax-deferred for your future use. 

Tax benefits, equity pay down from tenants.

The resulting cashflow is split evenly among the partners, as is the equity from the sale (when it eventually sells).One key thing for all partners to understand is that cashflow is only one lever you can pull in real estate investing and, depending on how your partnership is structured, you may also be equally sharing the tax benefits, appreciation, and additional principal created through debt paydown. 

You have to understand that many of the ancillary coaching and mentoring benefits at some real estate brokerages are basically a pyramid scheme and will cost you either more monthly fees or more of your split as a new agent.